What is Royal Caribbean Group's capex?

Royal Caribbean Group (RCL) reported capex of $500M in Q1 2026.

How has Royal Caribbean Group's capex changed year-over-year?

Royal Caribbean Group's capex increased by 16.8% year-over-year, from $428M to $500M.

What is the long-term trend for Royal Caribbean Group's capex?

Over 4 years (2021 to 2025), Royal Caribbean Group's capex has grown at a 23.7% compound annual growth rate (CAGR), from $2.23B to $5.23B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Royal Caribbean Group RCL CapEx

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Other financials

Income statement

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Revenue$4.5B+11.3%

Gross profit$2.2B+14.8%

Operating income$1.2B+23.0%

Net income$941.0M+28.9%

EPS (diluted)$3.48+28.9%

Balance sheet

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Cash & equivalents$512.0M+32.6%

Total debt$678.0M-19.9%

Total equity$9.8B+23.2%

Total assets$42.0B+12.1%

Cash flow

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Operating cash flow$1.8B+12.7%

Free cash flow$1.3B+11.3%

Valuation

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Market cap$86.53B+17.0%

Enterprise value$86.7B+16.5%

P/E19.3×-3.5×

P/S4.7×+0.3×

Profitability

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Gross margin49.7%+1.5pp

Operating margin27.9%+2.2pp

Net margin24.4%+5.0pp

FCF margin20.9%—

Returns & leverage

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Return on equity50.4%+0.9pp

Debt / equity0.1×0.0×

Current ratio0.2×0.0×

Where this comes from

Reported directly by Royal Caribbean Group in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Royal Caribbean Group’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Royal Caribbean Group's capex?: Royal Caribbean Group (RCL) reported capex of $500M in Q1 2026.
How has Royal Caribbean Group's capex changed year-over-year?: Royal Caribbean Group's capex increased by 16.8% year-over-year, from $428M to $500M.
What is the long-term trend for Royal Caribbean Group's capex?: Over 4 years (2021 to 2025), Royal Caribbean Group's capex has grown at a 23.7% compound annual growth rate (CAGR), from $2.23B to $5.23B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.